PAIV:Cove Resources identifies gold anomalies over 240 metre strike at Goongarrie
Recently listed Cove Resources (ASX: CVE) has identified a new gold target at the Goongarrie project in Western Australia after a soil sampling program.
Results from soil sampling identified an area of around 40 metres by 240 metres appearing to be anomalous for gold, with two areas for nickel.
Cove collected a total of 375 soil samples over the target area located 86 kilometres north-northwest of Kalgoorlie.
One of the prospective nickel areas adjoins the anomalous gold area, and consequently, the company plans to undertake a drilling program on the areas as soon as Cove receives title clearance.
In the interim, Cove will undertake additional infill soil sampling around the area of interest to better define drilling targets.
The company believes no one has undertaken contemporary exploration previously at the prospecting licence within the project.
The new area of interest is around 1.3 kilometres from areas where the company undertook a drilling program in the March quarter.
The project comprises five prospecting licenses and covers the historic Goongarrie gold mining centre situated in the productive gold belt in the Eastern Goldfield of Western Australia.